When their clinic closed overnight after federal legislation defunded its parent organization, three physicians lost 13,000 patients in weeks. Half of their $50,000 startup budget for Open Arms Primary Care came from strangers on GoFundMe.

Dr. Feneisha Franklin left her corporate medicine job on a Friday and took ownership of a Direct Primary Care practice on a Monday. Here is the financial and legal checklist she wishes she had before buying someone else's clinic.

Before you see your first membership patient, you need a plan that covers your mission, your pricing model, your break-even point, and how you will market a practice most people have never heard of.